SMB CPAs

10/19/2026

Financial reports are more than just numbers. They help nonprofit leaders make informed decisions, plan ahead, and put resources to work where they matter most.

Learn 5 key questions your nonprofit’s financial reports should answer, plus access helpful templates to get started.

Read the blog:

Explore five key nonprofit financial reports and learn what they can tell leaders and boards about financial health, cash flow, budgeting.

10/09/2026

Federal vs. Missouri withholding can be confusing, but understanding the difference matters when it comes to your taxes.

Not sure if your withholding is set up correctly? Our team at SMB CPAs can help you make sense of it and plan ahead.

10/07/2026

Missouri Sales Tax: It's Not Always as Simple as You Think

If you're selling a product or service in Missouri, sales tax rules can become complicated depending on what you sell, where you sell it, and whether certain exemptions apply.

Understanding your responsibilities can help you avoid surprises and stay on top of your reporting requirements.

If you're unsure whether your business needs to collect or remit sales tax, it's better to get clarity now than deal with confusion later.

10/06/2026

SMB CPAs was proud to be a Silver Sponsor of the BAP Etiquette Dinner!

We loved supporting an event that helps students build the professional skills, confidence, and connections they’ll carry into their careers.

A special thank you to our team members who represented SMB and spent the evening connecting with the next generation of business professionals. We’re proud to support opportunities like this in our community!

10/01/2026

Profit vs. Cash Flow

PROFIT
• Measures revenue minus expenses
• Shows overall profitability
• Includes unpaid invoices
• Reflects financial performance

CASH FLOW
• Tracks money in and out
• Shows available cash
• Reflects when payments are made
• Impacts day-to-day operations

The takeaway: Profit tells you if you're making money. Cash flow tells you if you can pay your bills.

09/28/2026

Who Might Ask Your Business for Financial Statements?

Financial statements aren't just for your accountant. At some point, your business or organization may be asked to provide financial information to:

• A lender
• An investor
• A grantor
• A board of directors
• Another organization evaluating your financial position

This carousel gives you a little look into why.

The best time to think about getting your financial information organized is before someone asks for it. We can help you get exactly what you need prepared!

09/25/2026

Moriah & Cade represented SMB at the MSU Career Fair this month! 🎓

We’re always excited to connect with the next generation of talent, share more about life at SMB, and meet students who are ready to put their skills to work.

Thanks again to everyone who stopped by our booth! 🥳

09/21/2026

Not Every Donation Comes in the Form of Cash.. 👀

Nonprofits often receive generous support in the form of goods, services, supplies, equipment, or other contributions. These are commonly referred to as in-kind donations.

While these contributions can provide tremendous value to an organization, they still need to be tracked and documented appropriately.

Having a process in place for recording in-kind donations can help your organization maintain accurate financial records and better understand the full value of the support it receives.

Sometimes generosity doesn't come in a check. Reach out to us today to find out more about how we help non-profits!

09/16/2026

Choosing a business structure is about more than just checking a box.

Two options business owners often hear about are LLCs and S Corporations, but they are not interchangeable.

The right choice can depend on factors like:

• Ownership structure
• Liability considerations
• How the business operates
• Tax implications
• Future growth plans
• Long-term goals

There is no one-size-fits-all answer.

Before making a decision based on what worked for someone else, take the time to understand what structure makes the most sense for your specific business.

09/14/2026

If your office is full of old receipts, invoices, statements, and tax documents, you may be wondering what you actually need to keep.

The answer depends on the type of record.

Some documents can eventually be discarded, while others should be retained much longer or even permanently.

Examples of records you may need to keep include:

• Tax returns and supporting documentation
• Payroll and employment tax records
• Bank statements and invoices
• Organizational and ownership documents
• Financial statements and general ledgers
• Real estate and major asset records

Good recordkeeping is not just about staying organized. It can also help support future reporting, planning, and compliance.

Not sure what stays and what goes? That's a great conversation to have with us before cleaning out the filing cabinet!